FX Thoughts for the Day

Welcome to FX Thoughts for the Day, a forex trading signal service that treats Traders with the respect they deserve. We provide twice daily forex forecasts trade recomendations for US Dollar, Euro, Yen, Swiss Franc and Sterling Pound.

Dollar-Swiss dipped to take support near 0.9280 from where it has bounced back. The outlook remains positive for the pair and we expect it rise further towards 0.9375 in the coming sessions. It has immediate support near 0.9280 and a good support is at 0.9240-30 levels which should be able to hold any further dip if seen. Also as mentioned in the morning it seems to be trading in the 0.9350-0.9230 range. It is advised to stay out of the markets.

GBP-USD @ 1.5204/07...Mixed

R: 1.5220 / 1.5270 / S: 1.5090-80/

Cable has risen a bit and currently trading just near 1.5200 levels. If it manages to break its resistance of 1.5225 then it can rise further towards 1.5270-300 levels. On the other hand a dip from here can then result in a dip towards 1.5080, may be even lower. Looks evenly placed for each of them, advised to stay out of the market.

AUD-USD @ 1.0259/62...Bigger trend remains bearish

R: 1.0300 / 1.0375S: 1.0230 / 1.0180 / 1.0030

Aussie has risen from 1.0180 levels and can rise further towards 1.0300 levels in the near term. The bigger trend remains down, though in the shorter term it can trade in the 1.0180-375 range or a 1.0180-300 range. We would be biased for a down side move after it takes resistance near 1.0300 or 1.0370 levels.

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DISCLAIMER
These views/ forecasts/ suggestions, though proferred with the best of intentions, are based on our reading of the market at the time of writing. They are subject to change without notice.Though the information sources are believed to be reliable, the information is not guaranteed for accuracy. Those acting in the market on the basis of these are themselves responsible for any profits or losses that might occur, without recourse to us. World financial markets, and especially the Foreign Exchange markets, are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved.

WARNING !!Visitors should be aware that Foreign Exchange transactions and trading are or can be subject to laws, rules and regulations of the country in which the entity undertaking the transactions is situated. It is incumbent upon the Visitors to keep themselves informed and abreast of the Laws they are (or would be expected to be) subject to and governed by, and act in accordance thereto.